Srei Infrastructure shares zoom 20 pc; hit upper circuitPTI | New Delhi | Updated: 09-04-2021 12:16 IST | Created: 09-04-2021 12:16 IST
Shares of Srei Infrastructure Finance on Friday zoomed 20 per cent after the company's subsidiary Srei Equipment Finance received expression of interest (EOI) of up to USD 250 million capital infusion.
The stock zoomed 20 per cent to Rs 7.02 -- its highest permissible trading limit -- for the day on BSE.
On NSE, it jumped 19.65 per cent to Rs 7 -- its upper circuit limit.
Srei Equipment Finance on Thursday said it has received EOI of up to USD 250 million capital infusion from two international private equity investors.
The company's strategic coordination committee (SCC), chaired by its independent director Malay Mukherjee, will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management, it added.
Arena Investors LP is a multi-strategy investment firm with USD 2.2 billion of committed capital. Makara Capital Partners is a global financial services company under the regulatory purview of the Monetary Authority of Singapore (MAS).
Srei Equipment Finance provides financing for construction and mining equipment.
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